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Reply to "Can we stop referring to households making $200 or 300K a year as "middle class"?"
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[quote=Anonymous][quote=Anonymous]So if we are distinguishing the upper class between "working" and "non-working" now, should we be doing the same with lower and middle class? One could conceivable have a modest trust fund that requires them not to work but only provides a middle class income. [/quote] There's still a huge difference between the working uppers/HENRY's and the upper class though ... the distinction that we're trying to get at is more that people feel that 250-500k is a level above middle or upper middle class. I find the modest trust fund/don't have to work but only pulling in a middle class income thing really hard to believe. It's a hypothetical to the point that it's not a real situation. If you were pulling in, say, 50-100k a year from your trust fund, even as a single person, I really think you'd still be working. And if you had kids you'd be a stay at home parent.[/quote]
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